First Heritage Bank


167 Lincoln Avenue
Snohomish, WA 98290
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Heritage Bank is an FDIC insured institution located in Snohomish, WA. It was founded in 1982 and has approximately $0.17 billion in assets.

First Heritage Bank, Snohomish, Washington, was closed May 20, 2011 by the Washington State Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Columbia State Bank, Tacoma, Washington, to assume all of the deposits of First Heritage Bank.

FDIC Insured Yes
FDIC Certificate # 23626
Date Established 1982
Assets $ 173.48 million
Loans $ 125.72 million
Deposits $ 163.30 million
Capital $ 3.77 million

For a more detailed analysis of First Heritage Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Heritage Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More
Flagstar Bank, FSB
NMLS ID: 417490
3.075% 3.000%
1.00 points
$2,400 fees
$1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to First Heritage Bank
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Financial Details

First Heritage Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Heritage Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Heritage Bank U.S. Bank Average
482.02% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, First Heritage Bank had $16,932,000 in non-current loans and $13,421,000 in owned real estate. To cover these potential losses it had $3,772,000 in equity and $2,525,000 in loans loss reserves. That gives it a Texas Ratio of 482.02%.

Return on Equity
First Heritage Bank U.S. Bank Average
-43.24% 11.43%

First Heritage Bank has a Return on Equity of -43.24% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

First Heritage Bank U.S. Bank Average
2.17% 11.51%

First Heritage Bank has a Capitalization of 2.17% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Heritage Bank Balance Sheet Analysis

As of March 31, 2011, First Heritage Bank had assets of $173,478,000, loans of $125,722,000, and deposits of $163,303,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 125.72 million
Loan loss allowance $ 2.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 13.42 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 163.30 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 173.48 million

Summary Income Statement

March 31, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Heritage Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Heritage Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About First Heritage Bank

Branches and Savings

Is First Heritage Bank FDIC insured?

Yes. It is covered under FDIC Certificate #23626.

Why does First Heritage Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Heritage Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Heritage Bank a commercial bank?


Where are First Heritage Bank locations?

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Is First Heritage Bank open on Saturdays?

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Are First Heritage Bank ATMs Open 24/7?

Do First Heritage Bank ATMs accept cash deposits?

Can First Heritage Bank customers use other ATMs?

Do First Heritage Bank branches have notaries?

Will First Heritage Bank notarize my document?

What address for First Heritage Bank should I put for incoming ACH transfers?

Will the First Heritage Bank branch print checks?

Do First Heritage Bank checks expire?

Does First Heritage Bank require US citizenship to open account?

Can First Heritage Bank close my account?

Does First Heritage Bank Report to credit bureaus?

Does First Heritage Bank Use Equifax?

What is First Heritage Bank's ACH Routing Number?

What is First Heritage Bank's SWIFT code?


Does First Heritage Bank offer mortgages?

Compare mortgage rates here.

Does First Heritage Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Heritage Bank offer personal loans?

Compare personal loan rates here.

Does First Heritage Bank offer student loans?

Will First Heritage Bank cash a check?

Will First Heritage Bank redeem a savings bond?

Does First Heritage Bank cash savings bonds?

Will First Heritage Bank cash money orders?

Can First Heritage Bank issue a money order?

Does First Heritage Bank do currency exchange?

Background on The Bank

Who owns First Heritage Bank?

How long has First Heritage Bank been around?

Can First Heritage Bank transfer to other banks?

Does First Heritage Bank have quick pay?

Does First Heritage Bank accept rolled coins?

Will First Heritage Bank accept loose change?

Where is First Heritage Bank headquarters?

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